Profoto Holding AB (OSTO:PRFO) ROCE % : 25.55% (As of Mar. 2024)

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What is Profoto Holding AB ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Profoto Holding AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.55%.

Profoto Holding AB ROCE % Historical Data

The historical data trend for Profoto Holding AB's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Profoto Holding AB ROCE % Chart

Profoto Holding AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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59.68

-3.68

47.58

49.80

36.96

Profoto Holding AB Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													50.00	34.31	28.34	36.43	25.55

Profoto Holding AB ROCE % Calculation

Profoto Holding AB's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	204	/	( ( (801 - 246)	+	(799 - 250) )	/ 2 )
	=	204	/	( (555	+	549)	/ 2 )
	=	204	/	552
	=	36.96 %

Profoto Holding AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	144	/	( ( (799 - 250)	+	(781 - 203) )	/ 2 )
	=	144	/	( ( 549	+	578 )	/ 2 )
	=	144	/	563.5
	=	25.55 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Profoto Holding AB (OSTO:PRFO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Profoto Holding AB ROCE % Related Terms

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Profoto Holding AB (OSTO:PRFO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Profoto Holding AB (OSTO:PRFO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

94H:Germany

Address

Landsvagen 57, Sundbyberg, SWE, 172 65

Website

https://www.profoto.com

Profoto Holding AB is engaged in the manufacture and sale of studio flash systems and other accessories in the professional photo industry.

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